Jewett-Cameron Trading (NASDAQ:JCTC) Trading Down 4.3% – Time to Sell?

Jewett-Cameron Trading Company (NASDAQ:JCTC) dropped 4.3% during mid-day trading on Friday . The company traded as low as $1.86 and last traded at $1.99. Approximately 16,642 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 37,339 shares. The stock had previously closed at $2.08.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Jewett-Cameron Trading from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Jewett-Cameron Trading Trading Down 4.3%

The stock has a market capitalization of $7.00 million, a PE ratio of -0.87 and a beta of 0.39. The stock’s fifty day simple moving average is $1.92 and its 200-day simple moving average is $2.02.

Jewett-Cameron Trading (NASDAQ:JCTC) last posted its quarterly earnings data on Monday, April 13th. The company reported ($0.35) earnings per share (EPS) for the quarter. The firm had revenue of $10.54 million for the quarter. Jewett-Cameron Trading had a negative return on equity of 33.33% and a negative net margin of 19.19%.

Hedge Funds Weigh In On Jewett-Cameron Trading

A number of hedge funds have recently bought and sold shares of the company. Susquehanna International Group LLP purchased a new position in Jewett-Cameron Trading during the 3rd quarter worth $54,000. DRW Securities LLC purchased a new position in Jewett-Cameron Trading during the 4th quarter worth $44,000. Finally, Citadel Advisors LLC purchased a new position in Jewett-Cameron Trading during the 3rd quarter worth $77,000. 26.05% of the stock is owned by hedge funds and other institutional investors.

Jewett-Cameron Trading Company Profile

Jewett-Cameron Trading Company Ltd. is a supplier of `Value-added` building materials to major home improvement center chains in the western United States. The Company concentrates on the residential repair and remodeling segment of the building materials industry.